Saudi Arabia’s ACWA Power has signed a roadmap agreement with the Ministry of Energy of Kazakhstan and Samruk-Kazyna, the country’s Investment Development Fund, for a major wind energy and battery storage project, according to a press statement from the company. The agreement paves the way for the construction of a 1GW project in Kazakhstan, marking […]
Saudi Arabia
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Saudi Aramco to supply full oil volumes to Asian refiners
Saudi Aramco has told at least five customers in North Asia they will receive full nominated volumes of crude oil in July, Reuters reported, citing several sources with knowledge of the matter said on Monday, after it pledged to cut production next month. Saudi Arabia, the world’s top oil exporter, vowed to reduce its production […]
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Saudi Arabia announces instant visa for UK, US, and Schengen visa holders
Saudi Arabia has announced new instant e-visa options as it looks to attract tourists and visitors to the country, Arabian Business reported. The new e-visa will facilitate UK, US, and Schengen visas holders, as well as permanent residents of UK, US, and any EU country to obtain tourist e-visas to the Kingdom of Saudi Arabia through www.mofa.gov.sa. […]
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L&T awards major contract for futuristic NEOM megaproject
Larsen & Toubro (L&T) has awarded a contract to Grid Solutions, an integral part of the GE Vernova portfolio of energy businesses, to supply gas-insulated substations (GIS) for the world’s largest utility-scale hydrogen plant to be powered entirely by renewable energy. In December 2022, NEOM Green Hydrogen Co (NGHC) named Indian contractor L&T as the sub-EPC contractor for its […]
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Saudi Arabia, China sign $10 billion deals
Saudi Arabia and China have signed 30 investment agreements worth $10 billion across various sectors including technology, renewables, minerals, supply chains, and healthcare on the first day of the 10th Arab-China Business Conference. According to the Investment Ministry, the Saudi government signed deals with several Chinese entities for projects including a joint venture for automotive […]
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Saudi Arabia, UAE, Qatar and Oman to hire over 1 million Filipinos for new jobs
According to the Philippines Government, there are plans for extensive recruitment of Filipino workers in Saudi Arabia, UAE, Qatar, and Oman.The sectors expected to see significant recruitment include tourism, hospitality, and construction, Arabian Business reported. The Department of Migrant Workers (DMW) of the Philippines is currently working on signing a memorandum of cooperation with these […]
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Aramco, PIF set to own star-studded Saudi football clubs
Saudi Arabia’s oil diversification push continues to gain significant momentum as its $700 billion sovereign wealth fund PIF and state oil company Aramco prepare to assume controlling stakes in a number of local football clubs. The Public Investment Fund (PIF) will take control of four of the kingdom’s top soccer clubs including Al-Nassr, which Cristiano […]
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Mending ties? Blinken visits Saudi Crown Prince to discuss economic cooperation
US Secretary of State Antony Blinken arrived in Saudi Arabia on Tuesday on a mission to mend Washington’s relations with Riyadh after years of deepening disagreements on issues ranging from Iran and regional security to oil prices, Reuters reported. Blinken met with Saudi Arabia’s Crown Prince Mohammed bin Salman and they “discussed deepening economic cooperation, […]
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Saudi Arabia’s NWC to award $100 million contract for Riyadh Water Strategic Plan Phase
Saudi Arabia’s National Water Company is on track to award a mammoth engineering, procurement, and construction (EPC) contract worth a staggering $100 million. Industry insiders have revealed that this massive undertaking marks the second phase of the highly anticipated Riyadh Water Strategic Plan, codenamed Contract No. 5 – Phase 1. With the stakes at an […]
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Saudi Arabia announces mandatory employment test for Indian expats
Indian expats in Saudi Arabia will now have to pass the mandatory Skill Verification Program (SVP) test, Arabian Business reported, citing The Economic Times. The move is part of the kingdom’s efforts to enhance the quality of its professional workforce and combat the issue of unqualified employees. The test is mandatory for specific categories of jobs […]
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